Film night: LOBO loans Documentary

April 26, 2016 @ 7:00 pm - 9:30 pm

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In 2015, Debt Resistance UK research using the Freedom of Information Act (FOIA) helped Channel 4 Dispatches produce the documentary: “How Councils Blow Your Millions” which looked at risky and potentially unlawful LOBO loans between banks and councils like the London Borough of Newham.

Join Debt Resistance UK to watch excerpts from C4 Dispatches, and for a discussion on LOBO loans, and how this problems affect not just Local Councils, but also Housing Associations, Universities and other public bodies, resulting in taxpayer money that should be funding local services instead winding up in bankers pockets.

Importantly, find out how you can take action locally and act to reclaim local services from the powerful clutches of the City of London.